LaSalle Investment Management announced that Stuart Sziklas will join the firm as the head of U.S. custom accounts, effective September 3, 2019. Sziklas will relocate from Boston to LaSalle’s global headquarters in Chicago and report to Americas CEO Jason Kern. The appointment coincides with the transition of Karen Brennan to CEO of LaSalle’s European business.
“I am excited to welcome Stu onto my senior management team as the next leader of our U.S. custom accounts business,” Kern said. “With his broad-based experience and extensive background working across property types and the risk spectrum, he has the right mix of skills to help continue our firm’s track record of delivering strong investment performance for our clients. I am confident that Stu will be an excellent cultural fit and a terrific addition to our firm.”
Joining the firm’s Americas Advisory Board, as well as the Americas Investment Committee, Sziklas will lead the team of portfolio managers for LaSalle’s U.S. custom accounts clients, responsible for actively managing portfolios of office, retail, multifamily and industrial investments located throughout the nation.
Working closely with LaSalle’s transactions, asset management, research and strategy, client accounting and client capital group, he will oversee the development and execution of individual portfolio strategies including selection of new investments, key property-level initiatives, financing strategy and hold/sell decisions.
Sziklas brings more than 20 years of industry experience to LaSalle, having served in a variety of portfolio management, acquisitions and asset management roles. Most recently he served as senior managing director, portfolio manager at CBRE Global Investors, where he was responsible for overseeing large-scale separate account mandates spanning 11 million square feet with an aggregate value of $3.5 billion.
“I am excited to join LaSalle during a period of substantial growth, and look forward to helping build upon the firm’s impressive track record of investment performance,” Sziklas said. “LaSalle’s strong reputation and platform capabilities are a testament to the quality of its people, and I look forward to working closely with colleagues around the world to help advance the firm’s objectives.”
Prior to CBRE Global Investors, Sziklas was a member of the asset management group of Beacon Capital Partners, a portfolio manager for CBRE New England and a director of property management for Aetna Inc’s corporate real estate group.